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suppose the price of pesticides increases so that the inverse supply curve becomes ps=4+6q, what is the new equilibrium price and quantity? what is the arc price elasticity of demand.
In this same country, 8%of the capital stock depreciates each year. Additionally, the ecnonmy consumes 60% of output. When K=500 is the captial stock growing or shrinking?
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see thi
The number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about?
A tax placed on buyers of airline tickets shifts the demand curve for airline tickets downward, decreasing the price received by sellers of airline tickets and causing the quantity of airline ticket
Now write down the national income identity. Assume again that output returns to its natural level in the medium run. If NX increases to 0, what must happen to domestic demand.
Solve for equilibrium output in the domestic economy, given Y *. What is the multiplier in this economy? If we were to close the economy-so exports and imports were identically equal to zero.
Based only on these data, provide quantitative estimates of the likely pre- and postmerger prices in the wholesale market for premium Scotch liquor.
The unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent. what is the size of the labor force?
Diagram her budget set if she chooses project A. Also show her budget if she chooses project B. Draw indifference curves such that she should choose A.
What is the expected value and standard deviation of the safest investment strategy you can make by this means? What is the highest expected value you can achieve?
What is her willingness to pay for 1 car if her income is M? What is the lowest income at which she would have a car? What is the lowest income at which she would have 2 cars?
What does the text's analysis of the inflation-unemployment cycle suggest about how the macroeconomic history of the 1980s might have been changed?
What was the accounting profit for the new business? What was the economic profit (or loss)? Explain your calculations for both questions.
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
What are the conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
Find the long-run equilibrium number of fishermen in the post- recession market for lobsters. How many fishermen had to exit?
Government purchases are 196 and taxes are T = 20 + 0.25Y. what are the general equilibrium values of the real interest rate, price level, consumption, and investment?
Assume that the computer market is perfectly competitive. With this in mind, what do you expect to happen over time to the following?
Future production for each type of well is as follows: gas, $2,550,000; oil, $4,500,000; and both gas and oil, $3,600,000. If the decision is to be based on maximum expected value, what should be do
I have to pay interest, so my cost of producing pizza will be higher if I take out the loan than if I sell the bonds. "What do you think of Paolo's reasoning?
Which is the best reason for the relatively low proportion of fixed costs in the cost structure of the air carriers? private investment in the airways and airports.
The DeBeers' diamond monopoly has weakened in recent years primarily due to: The effectiveness of its "diamonds are forever" advertising campaign
The costs for rent, supplies, and employees' salaries were $1,100,000. What was the accounting profit for the new business? What was the economic profit (or loss)? Explain your calculations for both
what can be done to improve resource allocations, and what can government do, if anything? You are expected to write at least two paragraphs and at least four responses to classmate postings.